11 / 13 Relevant items tagged with #SouthKorea

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As Justice Is Sought for Do Kwon, South Korea’s Crypto Scene Emerges From Terra’s Shadow

[Apr 13, 2023 6:51 AM] The collapse of Terra continues to reverberate in Do Kwon’s homeland, but there are signs of progress, CoinDesk’s Emily Parker reports.

Employees of South Korean Crypto Exchange Coinone Arrested: Report

[Apr 11, 2023 6:24 AM] Seoul Southern District Court Chief Judge Kim Ji-Sook issued a warrant for the arrests on Monday, saying "There is concern about escaping."

S. Korean Crypto Exchange Gdac Hacked for Nearly $13M

[Apr 10, 2023 5:45 AM] The exchange said on Sunday hackers transferred the crypto assets from a hot wallet to an unidentified wallet.

South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders

[Apr 7, 2023 8:00 AM] According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash…

Do Kwon's Millions Are Not in South Korea, Prosecutors Say: Report

[Apr 7, 2023 5:16 AM] South Korea requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.

Do Kwon converted illicit funds from LUNA to Bitcoin: S.Korean prosecutors

[Apr 7, 2023 4:10 AM] South Korean prosecutors have contacted Binance to request a halt on withdrawals linked to Do Kwon.

South Korean Traders Are Jumping on SXP, ICX Tokens

[Apr 4, 2023 3:58 AM] Trading volumes and prices for the two tokens have surged in the past few days on local exchanges.

South Korean authorities seize $160M in assets tied to Terra employees: Report

[Apr 3, 2023 2:59 PM] Prosecutors reportedly took control of houses and properties in an attempt to prevent former Terra employees from disposing of assets potentially connected to criminal proceedings.

Alchemy Pay Raises $10M at $400M to Push South Korean Expansion Plans

[Apr 2, 2023 8:00 PM] The funding came from DWF Labs making its eighth investment of $10 million or more in the last six weeks.

South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin

[Apr 1, 2023 12:30 AM] A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna…

Terra co-founder Do Kwon's jail time in Montenegro will be harsh: Report

[Mar 30, 2023 11:35 AM] Now in custody in Montenegro, Do Kwon could be facing "at least a year" behind bars as the country considers extradition requests, according to one criminal defense lawyer.

Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition

[Mar 30, 2023 7:30 AM] Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before…

XRP Trading Volumes Surges to Billions of Dollars on South Korean Crypto Exchanges

[Mar 30, 2023 2:52 AM] XRP trading made up nearly 50% of all volumes on Korbit, a prominent local exchange.

US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister

[Mar 29, 2023 10:04 AM] Do Kwon may have to serve time in Montenegro if convicted of charges related to forged identification documents before any extradition to the U.S. or South Korea is granted.

Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says

[Mar 29, 2023 5:53 AM] Marko Kovac said the Terraform Lab founder's extradition proceedings would follow a criminal case for ID document forgery

North Korea Hackers Likely Exploit Cloud Mining to Launder Stolen Crypto, Research Shows

[Mar 28, 2023 9:00 AM] The APT43 group steals crypto to fund operations and launders it through cloud mining services.

Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro

[Mar 26, 2023 12:30 PM] According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being…

Do Kwon to reportedly appeal against court’s decision to extend detention

[Mar 26, 2023 3:51 AM] A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for 30 days longer than usual.

Terraform Labs CEO Do Kwon Faces Extradition to South Korea

[Mar 24, 2023 1:30 PM] According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the…

Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday

[Mar 19, 2023 1:30 PM] Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the…

Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business

[Mar 17, 2023 6:30 PM] The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to…

Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up

[Mar 17, 2023 12:00 PM] Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in.

Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse

[Mar 14, 2023 8:00 AM] The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from…

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

[Mar 13, 2023 6:47 PM] The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia.

South Korea launches ‘Metaverse Fund’ to expedite domestic initiatives

[Mar 12, 2023 4:50 AM] With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem.

South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects

[Mar 11, 2023 5:30 AM] The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies…

South Korea saw over $4B unregistered crypto transactions in 2022

[Mar 7, 2023 6:36 AM] The money was primarily aimed at buying foreign crypto assets to sell on the domestic market.

South Korea’s Kimchi premium turns to discount

[Feb 19, 2023 11:49 PM] The "Kimchi premium" has flipped to discount again, and could be saying something about crypto market sentiment, at least in South Korea.

Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs

[Feb 17, 2023 12:11 AM] Delphi Lab's general counsel said the SEC was being "more thorough than usual" in its lawsuit against Terraform Labs and its co-founder Do Kwon.

South Korea Plans A Key Arrest Relating To Terra (LUNA) Crisis

[Feb 16, 2023 5:28 AM] The implosion of Terra (LUNA) was one of the devastating events in the crypto space last year. Investors lost most of their funds worth billions of dollars, and other crypto asset prices plunged drastically. Subsequently, South Korean prosecutors…